My experience there is that it significantly reduces the applicant pool.

Quick summary - I have a multi-family property in which I invested with another partner. We're both 50/50 and not in an LLC. I am being bought out and will eventually be off the mortgage. I currently still have all of...

I don't think I should count the missed principal payments as cash flow because that is in effect reducing my equity in my property, but what about the interest I would not be paying for those two months?

I don't think I should count the missed principal payments as cash flow because that is in effect reducing my equity in my property, but what about the interest I would not be paying for those two months?

Reducing your monthly burn rate will lower that return threshold all that much faster.My clients who are successful always had goals whether monetary or not (like adding team members) and simply took action upon certain metrics.

@Joseph Cacciapaglia other that the reduced buyer pool do you have experience whether it's a good long term strategy?

If there is an agent involved I would see if the agent would first reduce their feesIf not, have you considered paying any of the fees?

Because of the length market time you had to reduce the price.  

But it sounds like there isn’t much more lending advantage to an LLC (besides reducing liability). 

Offer him a reduced payment, like maybe 50% of his labor, and see if he'll take it.